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Orange SA
F:FTE1

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Orange SA
F:FTE1
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Price: 18.4 EUR 1.1% Market Closed
Market Cap: €48.9B

Orange SA
Investor Relations

Orange SA is a major telecommunications company. It sells mobile phone plans, home internet, fixed-line voice service, and business networking services. It also offers related products such as phones, routers, cybersecurity tools, and cloud and data services for companies. Its main customers are individual consumers, small businesses, large enterprises, and public-sector organizations in Europe, Africa, and other markets where it has network operations. Orange makes money mainly from monthly service fees, data plans, equipment sales, and contracts for enterprise services like connectivity, managed networks, and digital support. What makes Orange’s business different is that it owns and runs the infrastructure people use every day to communicate: mobile towers, fiber networks, and core telecom systems. That gives it a utility-like role in the digital economy, with demand tied to basic communications, internet access, and the network services businesses need to connect offices, workers, and customers.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 23, 2026
AI Summary
Q1 2026

Strong quarter: Orange reported Q1 revenue of EUR 10.1 billion, up 3.5%, and EBITDAaL up 6.6%, helped by strong retail services and positive wholesale items in France.

Guidance raised: The company lifted its 2026 group EBITDAaL growth outlook from circa 3% to above 3%, while confirming the rest of its 2026 guidance.

France improved: Commercial momentum in France was solid, with low churn, record fixed net adds since Q4 2021, and a less aggressive low-end competitive backdrop.

MASORANGE timing: Orange said the MASORANGE transaction has antitrust approval and is expected to close in Q2 2026; more guidance detail will come with H1 results.

SFR talks: Orange is in exclusive negotiations for a possible SFR acquisition with Bouygues Telecom and Free-iliad, but management stressed there is no certainty of a deal yet.

Operational push: The company highlighted AI assistants, new business offers, a Tech Mahindra partnership, and continued copper/2G network shutdown work as part of its new strategic plan.

Key Financials
Group revenue
EUR 10.1 billion
Underlying group revenue growth
circa 2.5%
Underlying group EBITDAaL growth
circa 3.5%
eCapEx to sales
around 15%
France revenue
EUR 4.4 billion
France retail services revenue
up 1.1%
France wholesale revenue
up 6%
France fixed net adds
55,000
France mobile net adds
40,000
France convergence net adds
15,000
France NPS
above 34
France mobile churn
improved by more than 1 point
France fixed broadband churn
lowest since Q2 2022
France convergence churn
lowest since Q2 2022
Convergence ARPU in France
up EUR 0.3 year-on-year
Fixed broadband ARPU in France
stable
Mobile-only ARPU in France
down EUR 0.8
Wholesale nonrecurring items in France
circa EUR 100 million
Africa and Middle East revenue growth
double digits
Europe revenue growth
2.2%
Europe mobile net adds
66,000
Europe FTTH net adds
51,000
Europe convergence net adds
21,000
Europe IT&IS revenue growth
up 12%
Orange Cyber Defense growth
more than 9%
MASORANGE revenue growth
1.2%
MASORANGE mobile lines
over 400,000
Altice transaction enterprise value
EUR 20.35 billion
Orange share of Altice transaction
around 27%
Copper shutdown households closed
900,000 households
Copper offer sales closed
21.5 million households
Europe energy hedging in 2026
100% hedged
Europe energy hedging in 2027
more than 90%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Laurent Martinez
Group Executive Director of Finance, Performance & Development
No Bio Available
Mr. Bruno Zerbib
Chief Technology & Innovation Officer
No Bio Available
Ms. Constance Gest
Group Head of Investor Relations & Financial Communication
No Bio Available
Ms. Brigitte Bourgoin
Group Chief Compliance Officer
No Bio Available
Ms. Caroline Guillaumin
Executive Director of Communications
No Bio Available
Mr. Vincent Lecerf
Executive Director of Human Resources for the Group
No Bio Available
Mr. Jerome Henique
Executive Director and CEO of Orange Africa & Middle East (OMEA)
No Bio Available
Ms. Marie-Noelle Jego-Laveissiere
Executive Director & CEO of Orange in Europe
No Bio Available
Mr. Michael Trabbia
Executive Director & CEO of Orange Wholesale
No Bio Available
Mr. Hugues Foulon
Executive Director & CEO of Orange Cyberdefense
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Issy-les-Moulineaux
111, quai du President Roosevelt, Cs 70222
Contacts
+33144442222.0
www.orange.com
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